Contrary to popular belief, the current Bitcoin market is not one where everyone is waiting to buy the dip; in fact, more and more investors are actively buying BTC at higher price levels.

On-chain data shows that the realized price is (, representing the average cost at which market participants purchased BTC, and has been on a steady upward trend since the beginning of 2024. This indicates that a large number of investors are not fixated on finding the bottom price but are willing to enter at the current higher price levels.

This phenomenon conveys two important market signals:

First of all, investors show strong confidence in the long-term value of Bitcoin; their concern is not about the current price being too high, but rather the possibility of missing out on participation opportunities in the future.

Secondly, as the overall holding cost level increases, if the market continues to break upward, the selling pressure will correspondingly ease, providing more favorable conditions for BTC to create new highs.

Therefore, the current period of market consolidation should not be simply regarded as a risk signal; it is very likely a phase of accumulation before a price explosion, akin to the brief calm before a storm. For onlookers, this may be a crucial moment to reassess their entry strategies.